Tom Cruise's rumored Scientology retreat in the Hollywood Hills just sold for a loss at $11.4 million

Tom Cruise has shed tons of real estate baggage over the past couple of years.Trulia.com

Tom Cruise has reportedly sold his Hollywood Hills compound for $1.6 million under the asking price.

The gated, European-style villa, which was listed in March for $13 million, is said to have closed at $11.4 million, which is slightly less than the actor paid for it.

According to Variety, it's rumored that Cruise used the 2.5 acre property as a retreat for high-level Scientologists. Recently, Cruise's sister was living on the property.

The estate comprises two parcels of land with a main house and guest house. The latter was purchased by Cruise for $1.8 million shortly after he bought the main property in 2005 for $9.85 million, bringing the total to $11.65 million, not including any home improvements Cruise may have made.